SUMMARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION

as at 31 March 2020

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  Notes      2020 
ZAR’m 
  Restated1,2
2019   
ZAR’m   
  Restated1
2018  
ZAR’m  
 
ASSETS                  
Non-current assets         25 408     23 684     24 101    
Property, plant and equipment  1       17 737     17 279     17 585    
Goodwill and other intangible assets         4 337     4 283     4 190    
Investments and loans         351     238     123    
Amounts due from related parties  9       224     180     1 191    
Derivative financial instruments3  8       634     282     –    
Deferred taxation         2 125     1 422     1 012    
Current assets         20 849     17 319     14 477    
Inventory         874     924     461    
Programme and film rights         4 750     5 133     4 910    
Trade and other receivables         3 888     4 095     4 827    
Amounts due from related parties  9       –     –     139    
Derivative financial instruments3  8       1 733     444     96    
Restricted cash4         459     –     –    
Cash and cash equivalents         9 145     6 723     4 044    
Total assets         46 257     41 003     38 578    
EQUITY AND LIABILITIES                     
Equity reserves attributable to the group’s equity holders         12 722     12 054     (4 650)   
Share capital  4       454     –     –    
Other reserves         (13 048)    (12 445)    (7 156)   
Retained earnings2         25 316     24 499     2 506    
Non-controlling interests2         (2 917)    (2 259)    (1 343)   
Total equity         9 805     9 795     (5 993)   
Non-current liabilities         18 181     15 186     28 526    
Lease liabilities3  1       16 894     14 441     12 784    
Long-term loans and other liabilities         78     59     189    
Amounts due to related parties  9       185     134     15 000    
Derivative financial instruments  8             404    
Deferred taxation         1 021     548     149    
Current liabilities         18 271     16 022     16 045    
Lease liabilities3  1       2 057     1 290     819    
Programme and film rights3         4 085     2 493     2 206    
Provisions         140     136     169    
Accrued expenses and other current liabilities1  1       9 223     9 761     9 483    
Amounts due to related parties  9       –     –     316    
Derivative financial instruments  8       116     218     1 105    
Taxation liabilities1,3  1       2 650     2 124     1 947    
Total equity and liabilities         46 257     41 003     38 578    
1 Restated for change in accounting policy, refer to note 1 for details of restatement.
2 FY19 retained earnings and non-controlling interests line items have been restated. This is in relation to the prior year empowerment transaction with PN. The group reallocated a portion of its prior year retained earnings to non-controlling interests. As this transaction was accounted for within equity, the restatement had no impact on the summary consolidated income statement and summary consolidated statement of cash flows.
3 Increase primarily relates to the ZAR depreciation against the USD from a closing rate of ZAR14.50 in FY19 to ZAR17.86 in FY20.
4 Restricted cash comprises initial margin deposits on Nigerian futures hedging instruments that are not highly liquid and have maturities of greater than three months. The increase from the prior year is due to the group increasing the level of cover on these instruments.